Vietnam-the next Asian Tiger? Message Board

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Strategies & Market Trends : Vietnam-the next Asian Tiger?

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From: Mannie	2/1/2007 3:52:05 PM
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Works to start on $150 mln resort in central Vietnam A high-end resort complex worth US$150 million is set to get off the ground February 3 in the central highlands city of Da Lat. The project was developed by a joint venture between Saigon Investment Group and Lam Dong Tourist Co. The joint venture is to initially pump VND300 billion ($20 million) into the project to build Robin Hill Resort, which covers 179 ha-site in Lam Dong Province. The 15 hectare resort is tailored to comprise a lobby lounge covering 1,800 sq.m, a restaurant for 150 guests, a 3,000 sq.m-hotel, a 645 sq.m-luxury villa area and 14 five-star standard villas. The Saigon Investment Group said the resort would be up and running just in time for Da Lat’s flower festival, held annually in December. The project comes as a part of a cooperation agreement between southern Ho Chi Minh City and Lam Dong Province, intiated to boost socio-economic development and meet the growing demand for travel in the province.

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